Platts JKM Weekly: October LNG up 27.5 cents on strong early winter sentiment

Singapore (Platts)--8 Sep 2017 815 am EDT/1215 GMT

S&P Global Platts assessed the October JKM for LNG cargoes at $6.425/MMBtu Friday, up 27.5 cents/MMBtu week on week, on South Korean demand for deliveries in H2 October, ahead of a relatively strong contango into early winter H1 November.

October demand has been underpinned by buying interest from end-users in South Korea and China for late October cargoes. South Korean buyer SK was heard to be seeking a late-October cargo with a narrow delivery window.

Korea Midland Power and Posco were also seeking a cargo to be delivered between October 23 and October 25 via a tender for delivery into Gwangyang.

Pricing uncertainty for winter cargoes and the volatility in UK NBP hub prices has led to spot trade negotiations for November cargoes largely being sluggish.

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